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Platform Technology Program

The Platform Technology Program provides financial incentives to larger scale co-funded projects that accelerate the development and deployment of significant and highly collaborative industry based platform technology projects.

What’s important

  • Applications open 16 January 2017.
  • Supports large scale collaborative projects led by industry.

About the program

The Platform Technology Program (PTP) aims to deliver a transformative ‘step change’, speeding the emergence of new or significantly improved products and services based on platform technologies, with global potential across industry sectors.

A platform technology is a group of enabling technologies used as a base which other applications, processes or technologies are developed.

Platform technologies function as innovation catalysts. They facilitate the development of follow-on technologies, with applications for various industries.

The program provides investment for collaborative research and development activities, focusing on technology platforms such as unmanned aerial vehicles for application in aerospace, defence, agriculture, oil and gas field management, disaster management, environmental monitoring and more.

The program requires formalised partnerships connecting Queensland based industries, small to medium enterprises (SMEs), startups, research organisations and universities with potential global opportunities from the funded project.

Eligibility

PTP lead applicants must be a registered business, have at least 3 partners and be able to demonstrate an ability to fund at least 75% of the cost of the eligible project, outside of Queensland Government funding sources.

Application partners must have ownership, access to, or beneficial use of any intellectual property that is the subject of, or is necessary to carry out the project.

Projects must be delivered through a collaborative partnership and provide evidence of significant steps towards the development and commercial application of technologies that have transferability across industry sectors, capacity to create jobs in key industries and regions of Queensland, and to capture global opportunities.

Funding

Queensland Government funding is dependent on the total project cost and the level of contribution to the project from other sources.

Projects will be funded at a minimum 1:3 ratio of Government-to-applicant funding.

PTP projects will represent a minimum total investment of $1 million (i.e. a minimum $250,000 Queensland Government grant and a minimum $750,000 cash contribution from lead applicants and their partners, excluding GST).

For more information

For more information, program guidelines or frequently asked questions, please visit the Advance Queensland website: http://advance.qld.gov.au/entrepreneurs-startups/platform-technology-program.aspx

 

 

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